Janney Montgomery Scott LLC Acquires 2,385 Shares of NRG Energy, Inc. (NYSE:NRG)

Janney Montgomery Scott LLC raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 32.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,765 shares of the utilities provider’s stock after purchasing an additional 2,385 shares during the period. Janney Montgomery Scott LLC’s holdings in NRG Energy were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NRG. Rothschild Investment LLC bought a new position in NRG Energy during the 2nd quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Crewe Advisors LLC bought a new position in NRG Energy during the 1st quarter valued at approximately $36,000. Innealta Capital LLC bought a new position in NRG Energy during the 2nd quarter valued at approximately $36,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy during the 3rd quarter valued at approximately $36,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 0.6 %

NYSE:NRG opened at $92.19 on Friday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $18.67 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $102.84. The firm has a 50-day simple moving average of $88.50 and a two-hundred day simple moving average of $82.44.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NRG. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, BMO Capital Markets upped their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.43.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.